HOLMDEL, N.J. (AP) _ Vonage Holdings Corp. (VG) on Wednesday reported second-quarter profit of $8.6 million.

On a per-share basis, the Holmdel, New Jersey-based company said it had net income of 3 cents. Earnings, adjusted for one-time gains and costs, came to 7 cents per share.

The results matched Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 7 cents per share.

The provider of phone services through cloud-connected devices posted revenue of $259.9 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $254.5 million.

Vonage expects full-year revenue in the range of $1.04 billion to $1.05 billion.

Vonage shares have climbed 26 percent since the beginning of the year. The stock has increased 94 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VG at https://www.zacks.com/ap/VG